Pentagon and Anthropic Clash Over AI Safeguards in National Security Use 
Canada’s Trade Deficit Jumps in November as Exports Slide and Firms Diversify Away From U.S. 
Apple Faces Margin Pressure as Memory Chip Prices Surge Amid AI Boom 
U.S. Government Faces Brief Shutdown as Congress Delays Funding Deal 
Chinalco and Rio Tinto Acquire Controlling Stake in Brazil’s CBA for $903 Million 
Boeing Secures New Labor Contract With Former Spirit AeroSystems Employees 
Nvidia Confirms Major OpenAI Investment Amid AI Funding Race 
Using the Economic Calendar to Reduce Surprise Driven Losses in Forex 
Panama Supreme Court Voids Hong Kong Firm’s Panama Canal Port Contracts Over Constitutional Violations 
Amazon Stock Dips as Reports Link Company to Potential $50B OpenAI Investment 
Toyota Retains Global Auto Sales Crown in 2025 With Record 11.3 Million Vehicles Sold 
U.S. Eases Venezuela Oil Sanctions to Boost American Investment After Maduro Ouster 
CSPC Pharma and AstraZeneca Forge Multibillion-Dollar Partnership to Develop Long-Acting Peptide Drugs 
Asia Stocks Pause as Tech Earnings, Fed Signals, and Dollar Weakness Drive Markets 
NVIDIA, Microsoft, and Amazon Eye Massive OpenAI Investment Amid $100B Funding Push 
Asian Stocks Waver as Trump Signals Fed Pick, Shutdown Deal and Tech Earnings Stir Markets 
Bob Iger Plans Early Exit as Disney Board Prepares CEO Succession Vote 
Huobi Global, a Seychelles-based cryptocurrency exchange company that was founded in China, announced it would be halting its services in Singapore. Before March 31, 2022, all of its existing clients in the country were advised to close their accounts and withdraw their digital assets.
Huobi is said to be one of the biggest crypto exchanges in the world based on trading volumes. However, it is discontinuing its operations in Singapore, and this happened not long after it pulled out of China. As per CoinTelegraph, the company will close down all accounts of users in the region and this was confirmed by Huobi this week through its official announcement.
The decision to shut its operations was said to be part of the company’s efforts to follow regulations imposed by the local financial officials. It was added that based on Huobi’s user agreement, its services are not allowed to be used by people living in some locations including the United States, Canada, Singapore, Japan, the United Kingdom, Cuba, Mainland China, Iran, Venezuela, Crimea, Kyrgyzstan, and others.
It was written in the agreement that Huobi may suspend or terminate accounts and services. It may also stop the processing of any digital asset transaction at any time.
Huobi would carry out these actions if users violated the agreement or its provision. Also, the account could be terminated if the client’s use of the company’s service in their location is unlawful. Apparently, since people in Singapore are prohibited from using Huobi’s services, the company simply halted its operations.
“We will be closing the accounts of all Singapore-based users on March 31, 2022. Access to our services by Singapore-based users will also be gradually phased out prior to March 31, 2022.” Huobi stated in its announcement. “We apologize for any inconvenience caused and thank you for your past support.”
The crypto exchange did not share any other detail about its shut down in Singapore. At any rate, its decision to stop its operations in Singapore comes not long after it was forced to leave China amid the authorities’ crackdown on crypto companies.
Beijing imposed a ban on major crypto activities in the country in September. Huobi will be closing all Chinese accounts by Dec. 31.
